Expand / / The Nikola Tre semi truck. (charge: Nikola)
Electric truckmaker Nikola was widely ridiculed in September if a short-selling company disclosed that its very first truck, the most Nikola Certainly, never functioned. A promotional video on this truck”in movement” really showed the car rolling down a mountain .
However, the organization’s most recent quarterly financial results, published Monday, reveal that Nikola has some thing that it did not possess in 2016: truckloads of money. Especially, Nikola has $900 million from the lender –nearly all of it increased when the firm went people back in June.
Nikola says it invested $117 million from the next quarter of 2020 while earning no earnings. The declines were somewhat significantly smaller than some analysts had anticipated investors responded favorably to the outcomes, delivering Nikola’s stock price up by 2% from after-hours trading.
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